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Selected Balance Sheet Data | 3 Months Ended
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Sep. 30, 2023
Notes to Financial Statements |
Selected Balance Sheet Data | ​ Note 3. Selected Balance Sheet Data: Inventories: Inventories consist of (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, | ​ | June 30,
​ |  | 2023 |  | 2023
​ | ​ | ​ | ​ | ​ | ​ | ​
Raw materials | ​ | $ | 84,739 | ​ | $ | 84,551
Finished goods(1) | ​ |  | 106,539 | ​ |  | 92,474
Inventories, net | ​ | $ | 191,278 | ​ | $ | 177,025
​ (1) Finished goods inventory of $5,198 and $5,387 included within other long-term assets in the respective September 30, 2023 and June 30, 2023, consolidated balance sheet. The inventory is included in long-term assets as it is forecasted to be sold after the 12 months subsequent to the consolidated balance sheet date. Property and Equipment: Property and equipment consist of (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, | ​ | June 30,
​ |  | 2023 |  | 2023
Land | ​ | $ | 9,076 | ​ | $ | 9,100
Buildings and improvements | ​ |  | 245,161 | ​ |  | 245,302
Machinery and equipment | ​ | ​ | 196,655 | ​ | ​ | 190,019
Construction in progress | ​ |  | 21,769 | ​ |  | 15,491
Property and equipment, cost | ​ |  | 472,661 | ​ |  | 459,912
Accumulated depreciation and amortization | ​ |  | (240,978) | ​ |  | (233,712)
Property and equipment, net | ​ | $ | 231,683 | ​ | $ | 226,200
​ Intangible Assets: Intangible assets consist of (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | June 30,
​ | ​ | 2023 | ​ | 2023
​ | ​ | ​ | ​ | ​ | ​ | ​
Developed technology | ​ | $ | 674,274 | ​ | $ | 616,311
Trade names | ​ |  | 151,324 | ​ |  | 146,945
Customer relationships | ​ |  | 214,601 | ​ |  | 213,878
Patents | ​ |  | 3,985 | ​ |  | 3,815
Other intangibles | ​ |  | 11,860 | ​ |  | 11,566
Definite-lived intangible assets | ​ |  | 1,056,044 | ​ |  | 992,515
Accumulated amortization | ​ |  | (499,773) | ​ |  | (480,570)
Definite-lived intangibles assets, net | ​ |  | 556,271 | ​ |  | 511,945
In process research and development | ​ |  | 22,700 | ​ |  | 22,700
Total intangible assets, net | ​ | $ | 578,971 | ​ | $ | 534,645
​ Changes to the carrying amount of net intangible assets for the period ended September 30, 2023 consist of (in thousands): ​
​ | ​ | ​ | ​
​ | ​ | ​ | ​
Beginning balance | ​ | $ | 534,645
Acquisitions | ​ |  | 66,400
Other additions | ​ |  | 433
Amortization expense | ​ |  | (20,231)
Currency translation | ​ | ​ | (2,276)
Ending balance | ​ | $ | 578,971
​ The estimated future amortization expense for intangible assets as of September 30, 2023 is as follows (in thousands): ​
​ | ​ | ​ | ​
Remainder 2024 |  | $ | 60,132
2025 | ​ |  | 77,039
2026 | ​ |  | 73,092
2027 | ​ |  | 62,952
2028 | ​ |  | 59,308
Thereafter | ​ |  | 223,748
Total | ​ | $ | 556,271
​ ​ ​ Goodwill: ​ Changes to the carrying amount of goodwill for the period ended September 30, 2023 consist of (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Diagnostics and |  | ​
​ | ​ | Protein Sciences | ​ | Genomics | ​ | Total
June 30, 2023 | ​ | $ | 427,027 | ​ | $ | 445,710 | ​ | $ | 872,737
Acquisitions | ​ |  | — | ​ | ​ | 102,560 | ​ | ​ | 102,560
Currency translation | ​ |  | (2,983) | ​ | ​ | (2,938) | ​ | ​ | (5,921)
September 30, 2023 | ​ | $ | 424,044 | ​ | $ | 545,332 | ​ | $ | 969,376
​ We evaluate the carrying value of goodwill in the fourth quarter of each fiscal year and between annual evaluations if events occur or circumstances change that would indicate a possible impairment. The Company performed a qualitative goodwill impairment assessment for all of its reporting units during the fourth quarter of fiscal 2023. No indicators of impairment were identified as part of our assessment. ​ Other assets: ​ Other assets consist of (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, | ​ | June 30,
​ |  | 2023 | ​ | 2023
​ | ​ | ​ | ​ | ​ | ​ | ​
Investment in Wilson Wolf | ​ | $ | 251,644 | ​ | $ | 255,857
Derivative instruments | ​ | ​ | 17,491 | ​ | ​ | 16,857
Long-term inventory | ​ | ​ | 5,198 | ​ | ​ | 5,387
Other | ​ |  | 7,243 | ​ |  | 7,201
Other assets | ​ | $ | 281,576 | ​ | $ | 285,302
​

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